Sterling & Wilson Renewable Energy (SWREL) saw its shares rise over 3% after the company announced a major milestone in its renewable EPC journey through a five-year Strategic Partnership Framework Agreement with Adani Green Energy Limited. The long-term arrangement signals stronger visibility for future order inflows, and the immediate award of the first purchase order under this framework has further boosted investor sentiment.
The newly received order is worth about ₹1,381 crore, excluding taxes, and covers the full Balance of System package for three solar power projects located at the sprawling Khavda Renewable Energy Park in Gujarat. This region has emerged as one of the world’s biggest renewable energy development zones, making Sterling & Wilson’s involvement a clear indicator of its strengthening position in India’s clean-energy infrastructure build-out.
What adds strategic heft to the arrangement is the nature of the contract, which includes both the supply of goods and extensive onsite services. This gives the company deeper integration across the project lifecycle and improves revenue predictability. Sterling & Wilson already has around 6 GW of projects under execution in the Khavda cluster, with nearly 5 GW expected to be completed within the current financial year. The fresh 1 GW addition not only expands its project pipeline but also reinforces the company’s growing dominance in Gujarat’s rapidly developing renewable corridor.
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